Is Turning Point Brands (TPB) stock halal?
Screened against AAOIFI Shari’ah Standard 21
Not settled. Turning Point Brands (TPB) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. Its business description mentions recreational cannabis, but it doesn’t report how much of its revenue that is. We show this as Needs Review rather than guess. Last checked 28 September 2026.
Turning Point Brands needs further review under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Pass |
| Interest-bearing debt | 30% | 24.04% | Pass |
| Cash and interest-bearing investments | 30% | 20.04% | Pass |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 34.49% | Pass |
Key Findings & Observations
- Its business description mentions recreational cannabis, but it doesn’t report how much of its revenue that is.Source: Business check
- The prohibited income test couldn’t be settled: The share of revenue from recreational cannabis isn’t reported.Source: AAOIFI Shari'ah Standard 21
- Production and distribution of cigarettes, cigars, and nicotine pouches constitute haram activities under Islamic law.Source: News Analyzer
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Frequently Asked Questions about Turning Point Brands, Inc. (TPB)
Is Turning Point Brands (TPB) stock halal?▾
Not settled. Turning Point Brands (TPB) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. Its business description mentions recreational cannabis, but it doesn’t report how much of its revenue that is. We show this as Needs Review rather than guess. Last checked 28 September 2026.
What is Turning Point Brands's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Turning Point Brands's ratio is about 24.0%.
How much dividend purification is required for Turning Point Brands (TPB) stock?▾
No purification is required for Turning Point Brands based on its latest annual report.
Does Turning Point Brands operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Turning Point Brands's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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